PolkaBridge (PBR)

What is PolkaBridge?

The PolkaBridge project is a decentralized all-in-one application platform designed as a bridge connecting Polkadot with other blockchains. The most prominent product of PolkaBridge is PolkaBridge DEX – a decentralized exchange that allows users to swap tokens on Polkadot for tokens on other blockchain platforms (and vice versa) without going through any middle party. which time.

PolkaBridge currently works on Ethereum and is planning to migrate to the Polkadot blockchain in the near future.

The PolkaBridge ecosystem is expected to include multichain and cross-chain AMM, farming platform, lending, fundraising (launchpad), prediction, NFT, etc. All these products will be developed with Polkadot as the base.

Special features of the PolkaBridge project

PolkaBridge AMM

Multichain AMM

PolkaBridge is designing a decentralized exchange using AMM multichain mechanism that allows users to swap tokens on all blockchains using a single platform. Once fully deployed, PolkaBridge's multichain AMM will support Ethereum, Polygon, Solana, Polkadot, and Binance Smart Chain (BSC).

For example, users can swap ETH for PBR on the Ethereum blockchain and also swap BNB for PolkaWar (PWAR) – all from one platform.

Cross-chain AMM

After launching the decentralized exchange using the multi-chain AMM mechanism, the next step will be to develop cross-chain functionality on it. Basically, this is the mechanism of swapping a token on one blockchain with a token on another blockchain without going through any intermediaries or third parties.

Example: You want to swap Ether (ETH) on Ethereum with Polkadot (DOT) on the Polkadot blockchain. At this point, you just need to deposit ETH into PolkaBridge's ETH-DOT pool. Here, the data on existing tokens in the pool will be used to calculate the conversion rate to DOT.

After calculating the amount of DOT, the Moonbeam smart contract will return the DOT token to the user's wallet. The swap is complete.

For the Polkadot blockchain, PolkaBridge will use Moonbeam's parachain solution, allowing Ethereum-compatible smart contracts to run on Polkadot and stay connected. In effect, PolkaBridge will use two smart contracts running in parallel for the swap: one on Polkadot, the other on the respective blockchain, e.g. Ethereum. The same principle will also be used to connect with Solana, Binance Smart Chain, and Polygon.

Farming

Instead of issuing new tokens or unlocking existing ones, the PolkaBridge platform charges a 0.5% fee on all PBR transactions.

90% of this fee will be distributed to farmers (who provide liquidity on the platform's dApps). The remaining 10% will be permanently burned and removed from the circulating supply. This will increase the value of the PBR token helping farmers and token holders benefit from the continuously accumulating value.

PolkaBridge Multi-Chain Launchpad

PolkaBridge's Launchpad is designed to allow PBR token holders to access investment opportunities and potential projects in the early stages. This ensures high profit margins and profitable opportunities. Which was previously only available to investors with large capital and resources.

All projects are checked by the PolkaBridge team to ensure legitimacy and give users peace of mind when investing in these projects.

PolkaBridge Multi-Chain Staking

This is a multi-chain staking platform where users can stake PBR tokens on different blockchains and earn profits just by depositing it into a liquidity pool.

PolkaBridge Lending and Prediction

The project has planned for a lending platform where users can lend their assets to generate interest, borrowers can access capital at a certain interest rate. Thereby creating a decentralized economy.

Furthermore, PolkaBridge will also introduce a prediction platform, allowing users to bet on real-world events and earn rewards if their predictions are correct. PolkaBridge will integrate oracle function to forward data to smart contracts to decide on event outcome.

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